capital southwest (nasdaq: cswc), is an internally-managed, credit-focused bdc that is an active lender to middle market companies across the capital structure. cswc provides flexible capital that fills financing needs that traditional first lien senior lenders are unwilling to meet. in particular, cswc is well-positioned to finance lower middle market businesses with $3 to $12 million of ebitda. the company is managed by an investment team with decades of experience working with one another. the firm and all of its employees are located in dallas, texas. investment criteria: - $5 to $50 million financings with active network of co-investors - $5 to $20 million commitment size per deal - minimum ebitda of $3 million - a management team with a proven track record, motivated by continued ownership; - an established market position and history of positive cash flow - us-based investment structures: - unitranche debt (network of first out senior lending relationships) - first lien debt - s
Company profile
Ticker
CSWC
Exchange
Website
CEO
Bowen Diehl
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
Subsidiaries
I-45 SLF LLC • Capital Southwest Equity Investments, Inc. • Capital Southwest SBIC I, LP • Capital Southwest SBIC I GP, LLC ...
IRS number
751072796
CSWC stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
21 Mar 24
8-K
Capital Southwest Announces U.S. Federal Income Tax Treatment of 2023 Dividends
31 Jan 24
424B3
Prospectus supplement
30 Jan 24
10-Q
2024 Q3
Quarterly report
30 Jan 24
8-K
Results of Operations and Financial Condition
29 Jan 24
8-K
Entry into a Material Definitive Agreement
7 Dec 23
CORRESP
Correspondence with SEC
16 Nov 23
424B3
Prospectus supplement
31 Oct 23
10-Q
2024 Q2
Quarterly report
31 Oct 23
8-K
Results of Operations and Financial Condition
30 Oct 23
Transcripts
CSWC
Earnings call transcript
2024 Q3
30 Jan 24
CSWC
Earnings call transcript
2024 Q2
31 Oct 23
CSWC
Earnings call transcript
2024 Q1
8 Aug 23
CSWC
Earnings call transcript
2023 Q4
23 May 23
CSWC
Earnings call transcript
2023 Q3
31 Jan 23
CSWC
Earnings call transcript
2023 Q2
1 Nov 22
CSWC
Earnings call transcript
2023 Q1
2 Aug 22
CSWC
Earnings call transcript
2022 Q4
24 May 22
CSWC
Earnings call transcript
2022 Q3
1 Feb 22
CSWC
Earnings call transcript
2022 Q2
2 Nov 21
Latest ownership filings
4
Ramona Lynn Rogers-Windsor
21 Dec 23
4
BOWEN S DIEHL
16 Nov 23
4
Michael Scott Sarner
16 Nov 23
4
Joshua S. Weinstein
16 Nov 23
4
Ramona Lynn Rogers-Windsor
2 Nov 23
4
JACK D FURST
14 Aug 23
4
Ramona Lynn Rogers-Windsor
14 Aug 23
4
David R Brooks
11 Aug 23
4
William R Thomas III
11 Aug 23
4
CHRISTINE BATTIST
11 Aug 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Mar 23 | Mar 22 | Mar 21 | Mar 20 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 23.02 mm | 23.02 mm | 23.02 mm | 23.02 mm | 23.02 mm | 23.02 mm |
Cash burn (monthly) | (no burn) | 601.50 k | (no burn) | (no burn) | (no burn) | 4.60 mm |
Cash used (since last report) | n/a | 3.58 mm | n/a | n/a | n/a | 27.41 mm |
Cash remaining | n/a | 19.44 mm | n/a | n/a | n/a | -4.39 mm |
Runway (months of cash) | n/a | 32.3 | n/a | n/a | n/a | -1.0 |
Institutional ownership, Q3 2023
29.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 215 |
Opened positions | 30 |
Closed positions | 18 |
Increased positions | 72 |
Reduced positions | 61 |
13F shares | Current |
---|---|
Total value | 2.22 tn |
Total shares | 12.68 mm |
Total puts | 0.00 |
Total calls | 3.30 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
T. Rowe Price Investment Management | 1.24 mm | $218.78 bn |
Neuberger Berman | 1.11 mm | $194.14 bn |
BLK Blackrock | 1.05 mm | $184.00 bn |
Allspring Global Investments | 867.39 k | $152.00 bn |
Vanguard | 854.36 k | $149.72 bn |
MS Morgan Stanley | 565.47 k | $99.09 bn |
Champlain Investment Partners | 552.49 k | $96.82 bn |
Wasatch Advisors | 504.70 k | $88.44 bn |
First Manhattan | 486.79 k | $85.30 bn |
Dimensional Fund Advisors | 417.62 k | $73.18 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Dec 23 | Ramona Lynn Rogers-Windsor | Common Stock | Buy | Acquire P | No | No | 23.29 | 500 | 11.65 k | 11,663.961 |
15 Nov 23 | Joshua S. Weinstein | Common Stock | Payment of exercise | Dispose F | No | No | 22.17 | 1,131 | 25.07 k | 216,167 |
15 Nov 23 | Diehl Bowen S | Common Stock | Payment of exercise | Dispose F | No | No | 22.17 | 2,213 | 49.06 k | 234,639 |
15 Nov 23 | Michael Scott Sarner | Common Stock | Payment of exercise | Dispose F | No | No | 22.17 | 1,869 | 41.44 k | 352,756.704 |
2 Nov 23 | Ramona Lynn Rogers-Windsor | Common Stock | Buy | Acquire P | No | No | 21.67 | 500 | 10.84 k | 11,163.961 |
News
JMP Securities Reiterates Market Outperform on Capital Southwest, Maintains $26 Price Target
26 Mar 24
B. Riley Securities Maintains Neutral on Capital Southwest, Raises Price Target to $24
31 Jan 24
Raymond James Maintains Outperform on Capital Southwest, Raises Price Target to $26.5
31 Jan 24
Recap: Capital Southwest Q3 Earnings
29 Jan 24
Capital Southwest Q3 EPS $0.70 Beats $0.66 Estimate, Sales $48.57M Beat $45.13M Estimate
29 Jan 24
Press releases
Capital Southwest Receives Affirmed Investment Grade Rating from Fitch Ratings
27 Mar 24
Capital Southwest Announces New $150 MM Secured Credit Facility
20 Mar 24
Capital Southwest Announces U.S. Federal Income Tax Treatment of 2023 Dividends
31 Jan 24
Capital Southwest Announces Financial Results for Third Fiscal Quarter Ended December 31, 2023 and Announces Total Dividends of $0.63 per share for the Quarter Ended March 31, 2024
29 Jan 24
Capital Southwest Announces Third Quarter 2024 Earnings Release and Conference Call Schedule
11 Jan 24